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If Carson Block, who founded the hedge-fund research firm, Muddy Waters, is right (listen to link below), then the Chinese economy isn't as fraud-free as many like to think it is. The irony in this is that he is betting big time against Sino-Forest, the Chinese-based company that the billionaire hedge-funder John Paulson is heavily invested in. I'm not one to engage in schadenfreude, but I would take great pleasure in seeing the man, who was able to amass more wealth than anyone else by betting big time against the subprime market, take a nontrivial haircut for a change.

Perhaps I'm wrong, but I doubt that Carson Block is doing anything illegal by shorting Sino-Forest. And as far as I can tell, there's nothing illegal about him making claims that this Chinese-based company is engaging in a Ponzi scheme of sorts. Just think, if we had an outspoken short seller like Carson Block around to inform us that many players in the mortgage market were engaging in a Ponzi scheme, the housing bubble wouldn't have grown to the size that it did, nor would the fallout from it been as great.

Let me close by saying that the Chinese are known for being brilliant at copycatting America. But if they are trying to copycat the great American Ponzi scheme, masterminded by the likes of Goldman Sachs, then look to see the entire global economy crash and burn in the not-so-distant future.

Notice that we are just bombing in Yemen against people who want freedom and democracy (to protect the oil interests). We have green lighted a Saudi crackdown in Bahrain against people who want democracy as the US supports the monarchy.

Don't expect any troops coming home with the proposed pull out in Afghanistan. I believe the US is at peak troops and we need to use more creative ways to expand and maintain the empire. Hence drones in Pakistan and NATO in Libya.

It seems the war machine build up stratagy that crushed the USSR, got out of control and is now about to crush the US. One mans irony is another mans poetic justice.

Suck it up Dimon. Perhaps you should set aside some of that $140 billion in annual industry compensation and bonuses to meet the higher capital reserve rquirements, essential to avoiding another financial collapse. On the other hand, you can continue to fleece the economy and move to Monaco after the train wreck. Let me guess your plans...